Notice is hereby given to all participating employers in the Sanlam Umbrella Pension Fund, Sanlam Umbrella Provident Fund and Sanlam Unity Umbrella Fund that the Approved Group Risk Insurance Policy and Unapproved Group Risk Insurance Policy will be updated, with the revised policies taking effect from 1 August 2026.
Sanlam Umbrella Fund:
Approved Group Risk Insurance Policy
- The Sanlam and Absa Approved Group Risk Insurance Umbrella Policy effective from 1 April 2025, will be replaced as from 1 August 2026.
Unapproved Group Risk Insurance Policy
Sanlam Unity Umbrella Fund:
- To view the full updated Approved Group Risk Insurance policy, please click here.
- For an overview of the changes, please click here.
- To view the full updated Unapproved Group Risk Insurance policy, please click here.
- For an overview of the changes, please click here.
Participating employers are reminded that the policies contain all available insured benefits, which may not apply uniformly to all employers. Employers should refer to their most recent Certificate of Participation and Special Rules to determine which benefits and changes are applicable to their specific arrangements.
In terms of the Policyholder Protection Rules (Long-Term Insurance Act), 2017, it is required that policyholders, including members, of group schemes are to be provided with the insured benefits policy. Participating Employers are required to make the policy available to members and retain proof thereof. Sanlam may request proof of such communication, from time to time, for the purpose of monitoring compliance with this legislation.